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Newsagent & Card Shop with good sized Retail Opportunity above trading area

Hebburn, Gateshead

REDUCED £15,000 Leasehold
(REF: 5678)

Financial Information

Leasehold Price
£15,000

Weekly Sales
£7,000

Annual Sales
£364,000

Weekly Rent Business & Property 
£230

Annual Rent Business & Property
£12,000

Council Rates
Zero Rateable

Newsagent
3 morning & 2 afternoon paper rounds
Papers supply to local council
70 customer news accounts could be increased

Fixtures & Fittings Estimated Value
Available on Request

Annual Net Profit
Available on Request

Gross Profit Margin
18%

Accounts Available
3 Years

Business Description

A popular newsagent and card shop within a busy shopping centre near Jarrow. With a large 600 sq/ft shop floor area the business has potential to increase sales with option for extra product lines to be introduced. The business has a large stockroom area at the back and another floor available above the trading area. 

Further Details

Premises Licence
Business does not have a licence to sell alcohol

Employees
1 full time and 1 part time employee

Employee Information
Available on Request

Commissions on Services
Available on Request

Stock Value Estimated
Available on Request

Trading Hours
Monday – Saturday 6:00am – 7:00 pm
Sunday 6:00am – 3:00 pm

Ground Floor
Retail Area 56 m² (600 ft²)
Storeroom 27 m² (300 ft²) with rear access

Upper Floor
Available on Request

Key Features

•  Retail opportunity upstairs around 800 sq feet

•  Could increase opening hours with licence until 10pm

•  Business well established

•  Large stockroom area

•  Papers supply to local council

•  EPOS till system & CCTV

Location

Situated in Hebburn, a small town between Jarrow and Gateshead. The shop is in a busy shopping centre, St James Mall.

Location on Map

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Newsagent & Card Shop 5678